Rexford Buys Industrial Park in PomonaWednesday, December 11, 2013
Rexford Industrial Realty Inc. on Wednesday said that it has acquired Bonita Thompson Industrial Park, a 16.3-acre industrial complex in Pomona.
The West Los Angeles real estate investment trust said it paid $27.2 million for the property, which includes two occupied single-tenant, rail-served buildings, totaling 365,859 square feet. The company tapped its existing line of credit for the deal.
“We are pleased to complete this acquisition, which further strengthens our presence in Los Angeles County,” Michael Frankel, co-chief executive, said in a statement.
Shares closed down 34 cents, or 2.5 percent, to $13.46 on the New York Stock Exchange.